M&S Bank loan is a market-leader

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old so the content may be out of date.

M&S Bank has reduced the cost of a £7,500 to £15,000 loan by 0.1% APR, catapulting it to the very top of the Moneyfacts charts and winning it an 'outstanding' rating as a result.

The basics…

A personal loan of £7,500 to £15,000 is now priced at 3.5% APR for new and existing customers over a term of one to seven years. This is a market-leading rate and allows it to take the top spot in its sector.

The finer details…

Example monthly repayments: £7,500 over five years = £136.25.

Applicants must be at least 18 years old and have an annual income of £10,000. Applications can be made in branch, by phone or online.

Borrowers should be aware that rates are representative and dependent on their credit history.

Why we like it…

This market-leading product is sure to catch the attention of borrowers thanks to its highly competitive rate and terms. This is an outstanding product that fully deserves the highest Moneyfacts rating, and will appeal to eligible borrowers on the lookout for an attractive deal with which to consolidate their debts.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.